An international company that manufactures electrical equipment is expanding to a new location in Memphis, investing upwards of $20 million and creating 90 new jobs here, the Tennessee Department of Economic and Community Development (TNECD) announced Friday.
A member of the ABB Group, the company Thomas & Betts designs, manufactures, and markets products used for the connection, distribution, transmission, and reliability of electricity.
The company plans to expand its operations, as well as its research and development department to East Memphis.
Commissioner of TNECD Bob Rolfe says since 2011 the state's manufacturing field has gained over 46,000 jobs.
"I appreciate Thomas & Betts for continuing the momentum of the manufacturing sector in our state," Rolfe said. "I look forward to our continued partnership."
Shelby County Mayor Mark Luttrell believes that adding 90 jobs to the corporate landscape of the city is significant and Memphis Mayor Jim Strickland agrees.
"By choosing the city of Memphis as the place it believes it can best grow, Thomas & Betts is adding the momentum we're experiencing of late," Strickland said.
The move, though, is contingent on PILOT approval.